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No to worry. When this happened on my system I had asked it to create a log file. After checking the log I found that skype returns the error message after installing the application! If I am not wrong that should be the case in your system too. Check in start->programs to see if its already installed. Also you may want to install this hotfix to avoid future problems with skype.http://share.skype.com/sites/garage/2009/03/skype_40_for_windows_hotfix.html

for using webcam in yahoo messenger,all you have to do is go to the yahoo messenger settings and set the camera. On
the bottom of my messenger there is a camera button that turns the cam
on.

for installing skype

Downloading and Installing Skype
Step1
Go to the Skype Web site (see the Resources section below for links to
download Skype for Windows, Mac, and Linux users) and download the
SkypeSetup.exe executable.
(The executable gets downloaded under the Program Files folder under a
directory called Skype that gets automatically created. A Skype Setup
icon is also automatically seen on your desktop.)
Step2
Click on the SkypeSetup icon that is on your desktop. A Skype Setup wizard then appears.
You will get a warning window asking if you want to Run or Save this file, SkypeSetup.exe. Click Run.
Note: Another confirmaton message may come up asking if you are sure you want to Run this software. Click "Run" again.
Step3
Follow the instructions on the Skype Setup Wizard to complete the installation of the Skype software.
At the end of the installation you will be asked to setup a Skype account.
Step4
A Skype window appears and if you have never used Skype before you have
the option of creating a Skype account. A link is seen on that window
mentioning the following:
"Don't have a Skype name?"
Click on this link and it opens up another "Skype - Create a New
Account" window where you have to type in your Full Name and then you
have to type in a "Skype Name" and a Skype "Password" and "Repeat
Password" in the respective fields on that window.
Note: Jot down this Skype Name and Skype Password as you will need it
everytime you open the Skype application.
Step5
Click on the "Sign in" button.
Note: After having created this new Skype Name account for the first
time, the next time you open Skype again, your Skype name will
automatically appear in the Skype name field. All you need to do is to
type in your Skype password and click the "Sign in" button.
Step6
Follow the instructions in the "Getting Started" guide to "Add a
Contact" using the "Add Contact" button, to test your headset and
microphone using the "Skype Test Call Feature," to set up a Conference
Call with a business colleague or friend, and to explore all the other
features in Skype.
Step7
Once you have installed the Skype software, there are 2 ways by which
you can open the Skype software application.
Click on the Skype icon on your desktop Or
Double click on the "x" icon in your desktop's system tray to start
Skype at any time.
Note: Once the Skype window comes up, the "x" checkmark then changes to
a green checkmark to indicate that the Skype application is currently
running on your computer. It changes back to an "x" mark when you have
"Signed out" of Skype and Skype is no longer running on your computer.